NYSE:NFG
National Fuel Gas Co.
National Fuel Gas Co.'s revenue grew 17.1% in fiscal 2025 to $2.3B while operating margin rose to 35.7%. Free cash flow was $187.2M, 8.2% of revenue, and the diluted share count fell 1.2%.Summary generated from National Fuel Gas Co.'s SEC filings. Latest annual report filed Nov 21, 2025.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$2.3B
Revenue growth+17.1%
Revenue, 5-yr CAGR+8.1%
Gross margin90.6%
Operating margin35.7%
Net margin22.8%
ROIC14.1%
Return on equity33.7%
Debt / equity0.92
Free cash flow$187.2M
FCF margin8.2%
Share count change−1.2%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 1,743 | 2,186 | 2,174 | 1,945 | 2,278 |
| Operating income | 640 | 815 | 755 | 210 | 813 |
| Net income | 364 | 566 | 477 | 78 | 519 |
| Free cash flow | 40 | 1 | 227 | 135 | 187 |
Recent filings
- 4Insider transaction report
Oct 2, 2026 - 4Insider transaction report
Oct 2, 2026 - 8-KEntry into a material agreement
Oct 1, 2026 - 8-KOther events
Aug 11, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Jul 30, 2026 - 8-KResults of operations and financial condition
Jul 30, 2026 - 8-KRegulation FD disclosure
Jul 29, 2026 - 8-KOther events
Jun 26, 2026